Cargill and Faccenda Foods have agreed to establish a joint venture to create a leading UK food company focused on chicken, turkey and duck. The new company will have the capability to respond to changing customer needs in the retail and food service sectors with a strategy for growth. The formation of this joint venture is subject to clearance by the relevant regulatory authorities.
Cargill's fresh chicken business in the UK is going to join Faccenda's fresh chicken, turkey and duck business to form this new company. The new joint venture will be a standalone business, with Cargill and Faccenda taking an equal shareholding. It brings together two complementary businesses with a track record of success, shared values and a strong reputation in the UK poultry market.